Call me old fashioned if you like (because I'm old and have been doing this a very long time), but the Dollar Index DXY is doing what we used to refer to as a "Bobby".
"Bobby" as in Bobby Charlton (footballer, look him up) who was known for thunderbolt shots into the top right hand corner of the goal. Charts displaying vigorous price action into the top right hand corner were thus known as "Bobbies".
DXY . Higher highs, higher lows, I've been saying it all year. This is still an uptrend. Nothing has changed. The ball still heading for the goal. Wait for it to hit the back of the net and start falling before trying to sell it! Until then Carry On Up The Khyber.
"Bobby" as in Bobby Charlton (footballer, look him up) who was known for thunderbolt shots into the top right hand corner of the goal. Charts displaying vigorous price action into the top right hand corner were thus known as "Bobbies".
DXY . Higher highs, higher lows, I've been saying it all year. This is still an uptrend. Nothing has changed. The ball still heading for the goal. Wait for it to hit the back of the net and start falling before trying to sell it! Until then Carry On Up The Khyber.